Bitcoin has extended its recent collapse, plunging to $5100 this morning (the lowest since Oct 2017) and down 75% from its record highs in Dec 2017. The latest leg lower seems driven, among other things, by anxiety over the split in Bitcoin Cash.

How can you read this and not come to the conclusion that bitcoin is a direct threat to the current banking system? Bitcoin is the "evil spawn of the financial crisis" but blockchain is promising? What does that say?It says, we (central banks) do not want something that we do not have full control over because we will not be able to rob you if we aren't the middleman. We do not want freedom. This is not about security, this is about control and power. You cannot trust math and protocols with your money, but you can trust us. We will keep it safe.

They are telling us directly to our face that they want us to stay debt slaves. Their debt slaves.

As bitcoin nosedives, regulators said to be investigating whether it was propped up illegally

The U.S. Justice Department is reportedly looking into whether traders used another cryptocurrency called tether to bid up bitcoin prices during its 1,300 percent rally last year.

Federal prosecutors launched a broader criminal probe into cryptocurrencies earlier this year but now suspect that traders on crypto exchange Bitfinex may have been moving prices illegally, Bloomberg reported, citing three people familiar with the matter.

Meanwhile, the 2018 bear crypto market is forcing many miners to operate at a loss, "now it’s more economic to turn it off and take it off from the rack to reduce cost on electricity and opex," tweeted Dovey Wan.